New asset confiscation enforcement team and upgrade to SFO’s disclosure technology outlined in the budget in a bid to crackdown on fraud says Attorney General
The Serious Fraud Office (SFO) will receive an additional £9.3 million of funding to ensure the prosecutor delivers on its mission to tackle complex fraud, bribery, and corruption.
Funding has been provided to create a new team which will extend SFO’s capabilities to seize assets from convicted fraudsters, and expand and accelerate the use of technology to assist disclosure. It will also support improvements to SFO’s case management system.
The Attorney General Lord Hermer KC said:
Nick Ephgrave QPM, Director of the Serious Fraud Office (SFO), said:
Dr Susan Hawley, Executive Director of Spotlight on Corruption, said:
The Budget provides funding for the Law Officers’ Department, which the Attorney General Lord Hermer KC and Solicitor General Sarah Sackman KC MP superintend, which includes SFO, provides total funding of £1.1bn in 2025-26.
This is equivalent to an annual real terms increase of 7.5% over this financial year and the next.